United Airlines Holdings Inc. (NASDAQ:UAL) is on the verge of joining an exclusive club that American Airlines Group Inc. (NASDAQ:AAL) entered earlier this month. The connection isn’t travel demand, fuel prices or summer vacation bookings. It’s a bullish chart pattern tied to trillionaire Elon Musk.
The Elon Musk Connection
On Tuesday, United announced a partnership with DIRECTV that will bring live television, including sports programming, to Starlink-enabled flights.
The move is part of the airline’s broader rollout of Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) Starlink satellite internet service. Earlier this month, United launched its first international widebody flight equipped with Starlink and said it expects to install the technology on nearly 60 widebody aircraft by the end of the year.
American Airlines is also betting on Starlink. Last month, the carrier announced plans to equip more than 500 regional and narrow-body aircraft with the satellite-based internet service beginning in 2027.
